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Class 11 Economics (Statistics For Economics) Chapter 8 Index Numbers Quiz 1 (60 MCQs)

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1. Product APrice Index in year 2020 based on year 2019 = 140Price at year 2019 = RM1.50Price at year 2020 = .....
2. Additive model of time series does not require the assumption of independence of its components.
3. The govt. annonces dearness allownce or bonus to its employees on the basis of
4. In year 2007, a copy of newspaper was sold at RM1.20. However, in year 2008, a consumer has to pay RM1.50 for the same copy of newspaper. Calculate the price index of the newspaper for the year 2008 based on the year 2007
5. Correlation coefficientcis equal to ..... of regression coefficients.
6. A factory produces 8000 cans of drink in the year 2000 and 12000 cans of drink in the year 2001. Calculate the index number for the production of cans of drink in year 2001 based on year 2000.
7. In Paasches price index number weight is considered as
8. The term regression was introduced by .....
9. The consumer price index number for 1981 and 1982 to the base 1974 are 320 and 400 respectively.The consumer price index for 1981 to the base 1982 is
10. Quantity Index is called as Volume Index.
11. The Index No. of the base year is always .....
12. The following formula of construction of Index No. is constructed by one of the following person, P01= $P01=\\frac{\sum_{ }^{ }P1Q0}{\sum_{ }^{ }P0Q0}\times100$
13. What is an index number
14. How many sectors of the economy are represented by 30 stocks of SENSEX?
15. Product BPrice Index in the year 2020 based on the year 2019 = 125Price at the year 2019 = ..... Price at the year 2020 = RM2.00
16. A series of numbers which show the relative position is known as
17. The unit that we applied for Index Number is .....
18. (HOTS) Based on the year 1995, the index number of an oven for the years 1998 and 2001 are 110 and 130 respectively. Find the index number for the year 2001 based on the year 1998.
19. If the index for 1990 to the base 1980 is 250, the index number for 1980 to the base 1990 is
20. In simple aggregate method, the aggregate price of all items in the given year is expressed as percentage of the same in the
21. Which index number is used to eliminate the effect of changes in prices on aggregates such as national income, capital formation etc.?
22. How many coefficients do you need to estimate in a simple linear regression model (One independent variable)?
23. Price Index Numbers measures the changes in
24. What letter do we use to represent correlation coefficient?
25. The Dorbish-Bowley's price index is the
26. Equation for Simple aggregative Index Number is .....
27. Index number is a special type of
28. The index number which uses both Base and Current year quantities is
29. Apakah maksud nilai indeks harga 75?
30. If all the values are not of equal importance the index number is called
31. An overall upward or downward pattern in an annual time series would be contained in which component of the time series?
32. In Laspeyre's price index number, weight is considered as
33. The consumer price index in 2000 increases by 80% as compared to the base 1990.A person I 1990 getting Rs 60, 000per annum should now get
34. In regression analysis, the variable that is being predicted is;
35. The number of students in a school decreased from 1600 students in the year 2017 to 1520 students in the year 2018. Calculate the index number to show the change in the number of students in they year 2018 based on the year 2017.
36. Aidil's monthly salary in the the year 2012 was RM3780. The index number for Aidil's monthly salary for the year 2012 based on the year 2002 is 315. Calculate Aidil's monthly salary in the year 2002.
37. ..... index number satisfies both TRT and FRT
38. An Index increased from 100 to 125 from 1995 to 2005. We conclude this is .....
39. Index Numbers are
40. ..... index number takes the geometric mean of quantities of base year and current year as weight
41. Which of the following statements is not true about the selection of the base period?
42. Which component of time series refers to erratic time series movements that follow no recognizable or regular pattern?
43. Index numbers are used to measure comparative changes
44. $\frac{\sum_{ }^{ }p_1q_0}{\sum_{ }^{ }p_0q_0}\times100$
45. Which of the following is used to denote prices in the base period
46. The number of theft cases in the year 2009 was 1200 and the index number that represents the number of theft cases is 80 using the year 2008 as the base year. Find the number of theft cases in the year 2008
47. Index numbers can be used for
48. Kira indeks harga rumah, jika harga rumah pada tahun 2019 dan tahun 2021 ialah RM 480 000 dan RM 540 000.
49. The number of fatal accidents cases in the year 2005 was 210 and the index that represents the number of fatal accidents cases was 84 by using 1998 as the base year. Find the number of fatal accidents cases in the year 1998.
50. Using the year 2002 as the base year, the price index of a certain brand of printer in the year 2006 was 75. Calculate the price of the similar printer in the year 2002 if its price in the year 2006 was RM350.
51. Example for a weighted Index Number
52. The admission of students in a school according to the Science stream and the Arts stream follows the ratio 60:40. Given that the admission index of students according to the Science stream and the Arts stream in the year 2019 based on the year 2015 was 120 and 130 respectively. Find the composite index for the admission of students in the school in the year based on 2019 and 2015.
53. An index number of 150 indicates that value is ..... times that of the base period value.
54. Which index number is called as ideal index number
55. Moving averages are useful in identifying ..... component.
56. The Laspeyres price index
57. A certain model of handphone cost RM500 in the year 2004 and RM420 in the year 2006. Calculate the price index of that model of handphone in the year 2006 based on the year 2004.
58. Which of the following can't be a component of time series?
59. Index number is always expressed in
60. Regression line is also called
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